No sooner had Airbus admitted to bribing public officials and making hidden payments involving the U.K., USA and France, than U.K prosecutors have now accused executives of AirAsia Group and AirAsiaX of receiving bribes from Airbus to secure plane sales. According to Reuters News Agency, Britain’s Serious Fraud Office (SFO) revealed last Friday that between
Embraer and SkyWest have signed a firm order for 20 E175 jets in a 76-seat configuration. The order has a value of US$ 972 million, based on 2019 list prices, and is already included in Embraer’s 2019 fourth-quarter backlog. Deliveries are expected to begin in the second half of 2020. “Embraer and SkyWest enjoy a partnership marked
The International Air Transport Association (IATA) has jointly announced it will be teaming up with Xpansiv CBL Holding Group (XCHG), a commodity exchange company, to provide a common marketplace called The Aviation Carbon Exchange, for eligible emission units. While passenger growth is predicted to grow, airlines are aiming to cap CO2 emissions at 2020 levels
North American toolmaker Stanley Black & Decker has announced it is to acquire Consolidated Aerospace Manufacturing LLC (CAM) for up to US$1.5 billion. CAM is a major supplier of Boeing Co and approximately US$200 million of the purchase price is contingent on Boeing obtaining certification for the still-grounded 737 MAX from the U.S. Federal Aviation
Leonardo has signed a contract with Lynwood (Schweiz) AG to acquire 100% of Kopter Group AG (Kopter). This move allows Leonardo to further strengthen its worldwide leadership and position in the rotorcraft sector; leveraging innovation, new capabilities and engineering skills which have been developed by the young, agile Swiss Company. Kopter’s SH09, a new single-engine
Brazil’s Administrative Council of Economic Defense (CADE) has approved Boeing’s acquisition of Brazilian planemaker Embraer’s commercial aviation division without placing any restrictions on the deal, though CAD’s principal administration council could still reconsider the situation and settle the case through a vote. It follows clearance from jurisdictions such as the USA, China, Japan, South Africa,
WIZZ Air Hungary (WIZZ Air) has selected Pratt & Whitney GTF™ engines to power an order of 166 Airbus A320neo Family aircraft. The order consists of 90 aircraft from WIZZ Air’s 2016 selection, an additional 56 Airbus A320neo Family aircraft and 20 Airbus A321XLR aircraft. This brings WIZZ Air’s combined total order to 276 GTF-powered
A year later than projected, Boeing’s 777X twin-engine wide-body jetliner has finally taken to the skies after two further days of delays owing to bad weather conditions. This is the first new jet the American planemaker has produced since the ill-fated 737 MAX and took to the skies and all eyes will now be on
Holiday airline Condor has found a buyer. Polish Aviation Group, who owns a 100% of LOT Airlines, will take over Condor. In a press release the Group said that the combination of LOT and Condor will create one of the leading European aviation groups carrying about 20 million passengers per year. Condor will continue to
Three American aerial firefighters who had been contracted to assist with the raging Australian bushfires have been killed on Thursday, after their Lockheed C-130 Hercules being used in water bombing operations crashed on the Snowy Montaro area in the southern region of New South Wales. The aircraft had been leased from Coulson Aviation, a North
